Activities
Paper 1 real world example: Population, economic growth and development
In January 2023 China announced it had entered an era of negative population growth. By the end of 2022, the country had 1.41175 people compared with 1.41260 a year earlier - a decline of 850,000. Chinese...
Activities
Paper 1 real world example: Inequality, inequity and regulation
For only the third time in its 54-year history, the Nobel Prize in Economics has been awarded to a woman. The winner, Claudia Goldin, is a professor of economic history at Harvard University. Goldin's...
Activities
Paper 1 real world example: Inequality, equity and taxation
One of the ways of redistributing wealth or income in a country is through taxation. Most countries have a progressive taxation system where a higher rate of tax is paid by the richest in society and...
Activities
Paper 1 real world example: Income equality and taxation
Brazil has proposed a 2 per cent tax on the world’s billionaires, a plan supported by governments in South Africa, Germany, and Spain. According to Forbes, there are currently 2,781 billionaires worldwide,...
Activities
Units 1 and 2 Microeconomics
This section will provide direct access to real-world examples that students can use to support their answers to the Unit 1 and 2 questions in Paper 1 of the examination. Each real-world example is presented...
Activities
Unit 3 Macroeconomics
This section will provide direct access to real-world examples that students can use to support their answers to the Unit 3 questions in Paper 1 of the examination. Each real-world example is presented...
Activities
Paper 1 real-world example: The market for a demerit good and government policy
There has been a huge increase in the output of cocaine from Columbia in the last 12 months. The country’s production of the coca plant which is used to produce cocaine increased by 14% last year to 1400...
Activities
Paper 1 real-world example: The impact of crime and the market for security
The most recent crime statistics released by the Office for National Statistics(ONS) in the UK made interesting reading. Overall, crime against individuals and households has decreased over the last 10...
Activities
Paper 1 real-world example: Technology and markets
The development of AI across economies in the world is happening so quickly and in so many areas it is difficult to keep up and fully comprehend. As a case example, the supermarket industry is interesting...
Activities
Paper 1 real-world example: Oligopoly in the social media market (HL)
Last week Elon Musk launched an extraordinary verbal attack on advertisers who have withdrawn advertising expenditure from his social media platform, X. On November 15 Musk endorsed an antisemitic post...